Quarterly Reports 2009
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Q1 - 2009 Financial Highlights
Q1 2009 | Q1 2008 | $ change | % change | |
---|---|---|---|---|
Revenues | 1,625,745 | 1,775,091 | -149,346 | -8.4 |
Gross margin | 267,810 | 240,692 | 27,118 | 11.3 |
Net income | 77,485 | 70,852 | 6,633 | 9.4 |
Basic earnings per share ($) | 0.51 | 0.47 | 0.04 | 8.5 |
Diluted earnings per share ($) | 0.51 | 0.47 | 0.04 | 8.5 |
(in thousands of CA$, except per share amounts)
- Net income for the first quarter 2009 increased to $77.5 million ($0.51 per share on a diluted basis) from $70.8 million ($0.47 per share on a diluted basis) for the first quarter 2008.
- Revenues for the first quarter 2009 were lower, at $1.6 billion, compared to $1.8 billion for the same period in 2008, mainly due to decreased activities in Packages.
- Financial position remained strong with cash and cash equivalents of $872.3 million at March 31, 2009.
- Return on average shareholders' equity was 28.2% for the 12-month period ended March 31, 2009.
- Total backlog for the four revenue categories: Services, Packages, Operations & Maintenance and Infrastructure Concession Investments, totalled $9.0 billion at the end of March 2009, compared to $9.6 billion at the end of December 2008.
- The Board of Directors declared a cash dividend of $0.15 per share for the first quarter 2009.
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